Jan. 9, 2013
-- Uncertainty. Despite some of the impressive returns offered in the stock market last year, many St Louis investors claim they would be more comfortable in something tangible. Foreclosure real estate is becoming the go-to space.
But, many would be investors are still on the sidelines. Busy professionals like doctors and lawyers don’t have the time, energy, or skills to manage rehabs and flip properties as preached by every late night infomercial guru.
Joe Giglietti, President of Solomon Investment Group, Inc. and longtime real estate professional claims that while flipping homes sounds good, it’s often the path to financial devastation. He recommends a much simpler, more common sense strategy.
“When you flip a house,” he says, “there is a lot of guessing. How much will it take to repair, how much will it actually sell for, and how long will it actually take to sell?”
Apparently, some of the more seasoned investors are moving away from “flipping”
and into strategies that offers consistent monthly profits while they wait for the properties to sell for sometimes huge profits. This removes a lot of the risk. If you make money while you wait for a sale, how long can you wait for the sale? As an investor, you want to have your cake and eat it too, and apparently STL is a place where this is possible if using the right strategy.
Solomon Investment Group, Inc. is doing a free tele-seminar on the strategies busy STL professionals are using to earn higher returns and more stability this Thursday. You can call for information or a free audio recording. Call the FREE RECORDED MESSAGE at 314-488-2900.